Secure Web Gateway Market Growing at a CAGR 19.1% | Key Player Forcepoint, Trend Micro, Comodo, McAfee, NetSkope

Secure Web Gateway Market Growing at a CAGR 19.1% | Key Player Forcepoint, Trend Micro, Comodo, McAfee, NetSkope

“NortonLifeLock Inc. (Symantec Corporation) (US), Zscaler, Inc. (US), Cisco Systems Inc. (US), Check Point Software Technologies (Israel), Sophos Group PLC (UK), Forcepoint (US), TrendMicro Incorporated (Japan), Comodo Group (UK), McAfee, LLC (US), Thoma Bravo (Barracuda Networks, Inc.) (US), NetSkope (US), A10 Networks, Inc. (US), Cyren (Israel), Sangfor Technologies (China)”
Secure Web Gateway Market by Component (Solutions (Threat Protection, Access Control, and Data Protection) and Services), Deployment Mode, Organization Size, Vertical (Healthcare, BFSI, IT & Telecom, and Education), and Region – Global Forecast to 2024

The Secure Web Gateway (SWG) Market is projected to grow from USD 4.6 billion in 2019 to USD 10.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period. The major factors driving the market include the need to manage voluminous data and adhere to the upcoming regulations and compliances related to data protection.

Based on organization size, the large enterprise segment to lead the market in 2019

Large enterprises have more than 1,000 employees. They are strongly investing in advanced technologies to increase their overall productivity and efficiency. They are expected to invest significantly in implementing SWG solutions because of their capability to offer end-to-end protection in web security and to enforce the same level of security to applications. With a rise in trends such as Bring Your Own Device (BYOD) and cloud-based applications, the number of touchpoints has increased in an organization; thus, raising the risk of cyber threats. To protect business networks, terminals, and information from cyber threats, data thefts, and unauthorized access, enterprises are considering the adoption of SWG solutions.

SWG players such as Symantec, Zscaler, and Cisco provide solutions that cater to the needs of large enterprises. Large enterprises are expected to continue to adopt solutions and services from these companies through cloud as well as on-premises SWG solutions.

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Based on verticals, the IT and telecom vertical to grow at the fastest growth rate during the forecasted period

IT and telecom companies are being attacked by cyber attackers more and more. The growing involvement of IT services into daily operations of companies across all verticals, coupled with the increasing sophistication of attacks, is compelling the companies to adopt web-based security solutions. The rising use of cloud computing, IoT, and BYOD has raised concerns over security solutions to be adopted in the telecom vertical. Operators controlling and operating critical infrastructure communicate and store sensitive data that are prone to sophisticated and complex attacks, such as Distributed Denial of Service (DDoS) attacks and ransomware attacks.  With the evolving landscape of cyber threats, IT organizations, telecom operators, and service providers across the US, UK, Germany, France, China, Japan, India, Singapore, and other countries are deploying SWG solutions to combat the emerging threats on their infrastructure.

The vendors covered in the market report include NortonLifeLock Inc. (Symantec Corporation) (US), Zscaler, Inc (US), Cisco Systems Inc. (US), Check Point Software Technologies (Israel), Sophos Group plc  (UK), Forcepoint (US), TrendMicro Incorporated (Japan), Comodo Group (UK), McAfee, LLC (US), Thoma Bravo (Barracuda Networks, Inc.) (US), NetSkope (US), A10 Networks, Inc. (US), Cyren (Israel), Sangfor Technologies (China), CATO Networks (Israel), Content Keeper (Australia), iboss (US), Menlo Security (US), F5 Networks Inc. (US), and Citrix Systems Inc. (US).  These players have adopted various growth strategies, including partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions, to expand their presence in the SWG market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2017 to 2019 to innovate their offerings and increase their customer base.

NortonLifeLock Inc. (Symantec Corporation) (US) is a prominent provider of SWG solutions. Additionally, the company offers consulting and education services, along with the solutions for IoT and next-generation endpoint protection. Symantec acquired Blue Coat Systems in 2016, which boosted the portfolio of SWG-related solutions offered by both the companies. Symantec’s SWG is an advanced and powerful network security service for users of all locations and devices. It operates in two business segments: enterprise security and consumer digital safety. It also offers its products and services to individuals, Small and Medium-sized Enterprises (SMEs), and large enterprises. Its offerings help users protect their valuable data from threats and vulnerabilities. Symantec caters to a wide range of verticals, including IT, telecommunication, Banking, Financial Services, and Insurance (BFSI), healthcare, retail, education, government, automotive, and utilities. The company has global presence in more than 50 countries across North America, Europe, Asia Pacific (APAC), and Middle East and Africa (MEA).

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Zscaler, Inc (US) is another top player in the SWG market. The company provides cloud-based services, such as Cloud Internet Security, Advanced Persistent Threat (APT) Protection, Data Loss Prevention (DLP), Security as a Service, Cloud Application Visibility and Control, Bandwidth Management, Malware Analysis and Protection, Cloud Sandboxing, and Next-Generation Firewall. It also offers its own platform called, Zscaler Platform, which provides solutions such as Secure Sockets Layer (SSL) Inspection, Secure Access Service Edge (SASE) Architecture, General Data Protection Regulation (GDPR) Readiness, and Data Privacy and Security. The company is known for its SWG solution named as Web Security under Zscaler Internet Access, which is a cloud-based security as a service solution. Zscaler’s Web Security is a security-as-a-service solution delivered through cloud and a part of its Cloud Security Platform. It provides various benefits such as URL filtering, sandboxing, cloud firewall, DLP, and Cloud Access Security Brokers (CASBs). The company has partnered with Microsoft and AWS to deliver security solutions on Azure and AWS platforms. It caters its products and services to various verticals, including automotive, BFSI, chemical, communications, media and entertainment, consumer products, energy, insurance, life sciences, manufacturing, retail, travel and transportation, and healthcare. The company has over 2,800 customers belonging to various regions, including North America, Europe, MEA, APAC, and Latin America.

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